8 unit Apartment Complex, all 2 bed, 1 bath units, + large Main House, and a Mfg. Home. Strong rental history. Situated on 1.54 acres. Located in Laclede between Sandpoint (14 miles) and Priest River (8 miles). 3004 sq ft main house has 2 separate entrances that can be rented as 2 units. Originally built and used as a ministry, providing housing for people in the church. Rents were nominal and remain far below market. Market rents for comparable units is $1,200. Each unit currently rents for $680. Proforma with rents @ $1,000 is 9.91 cap rate. The property currently generates GSI of $87,000 2022 actual.
Multi-familyProperty Type
1984Year Built
1.54 acresLot Size
$122Price/Sq.Ft.
2 car garageParking
Listed by Shannon Schulz• Tomlinson Sotheby's International Realty (Idaho)
Listed by Greg Schulz• Tomlinson Sotheby's International Realty (Idaho)
8 unit Apartment Complex, all 2 bed, 1 bath units, + large Main House, and a Mfg. Home. Strong rental history. Situated on 1.54 acres. Located in Laclede between Sandpoint (14 miles) and Priest River (8 miles). 3004 sq ft main house has 2 separate entrances that can be rented as 2 units. Originally built and used as a ministry, providing housing for people in the church. Rents were nominal and remain far below market. Market rents for comparable units is $1,200. Each unit currently rents for $680. Proforma with rents @ $1,000 is 9.91 cap rate. The property currently generates GSI of $87,000 2022 actual.
CDAMLS #23-5917
Nov 22, 2023
Pending
—
Sep 12, 2023
Price Changed
$1,220,750
$122/sq ft
Jun 28, 2023
Listed
$1,285,000
$129/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Condo/Co-op
County
Bonner County
APN
RP56N03W303137A
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jun 28, 2023.
S
Suburban District
The suburban district is established to promote the development of residential uses located on the edges of the incorporated cities or other developed communities or areas, where urban sewer and water services are either available or have the potential to become available in the near future by reason of their inclusion in service districts, city service areas, or are adjacent to those areas or areas of city impact. Access to primary transportation routes and a system of hard surfaced roads are expected. The purpose can be accomplished by: Providing for single-family detached dwelling units and other compatible housing forms, with a variety of densities in locations appropriate for urban densities; Allowing only those accessory and complementary nonresidential uses that are compatible with urban residential communities; Establishing density designations to facilitate advanced areawide planning for public facilities and services, and to protect environmentally sensitive sites from over development; Encouraging conservation development configurations that create permanent open space, protect sensitive environmental features, reduce infrastructure costs and/or enhance recreational opportunities and Requiring conservation development configurations in areas where all urban services are not available to provide the opportunity in the future to subdivide the land at urban densities.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Park & open space
Property details
Interior
Virtual Tour
Room Information
Basement YN: Yes
Basement: Finished, Daylight, Walk-Out Access
Exterior
Building Information
Structure Type: Manufactured
Building Area Total: 9980.0
Exterior Features
Roof: Composition
Property Information
Construction Materials: Lap Siding, Cement Block, Brick, Block, Concrete
Land Information
Road Surface Type: Paved, Gravel
Road Responsibility: Public Maintained Road, Private Maintained Road
Foundation Details: Slab
Lot Information
Lot Features: Open Lot, Level
View YN: Yes
Lot Size Area: 1.54
Lot Size Acres: 1.54
Financial
Tax Information
Tax Annual Amount: 3711.0
Tax Year: 2022
Utilities
Heating & Cooling
Heating: Electric, Oil, Forced Air
Has Heating
Utility Information
Sewer: Septic Tank
Water Source: Community System
Location
Mult-Unit Information
# Of Units Total: 11
Tenant Pays: Cable TV
Unit 1 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 2 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 3 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 4 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 5 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 6 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 7 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 8 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
Unit 9 Information
Unit Type Beds Total: 2
Unit Type Baths Total: 1
Unit 10 Information
Unit Type Baths Total: 1
Unit Type Beds Total: 2
School Information
High School District: West Bonner - 83
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Bonner County
APN: RP56N03W303137A
Home facts updated by county records on Jun 28, 2023
Around this home
Schools
K - 12
Preschool & daycare
Priest River Elementary School
Public PreK-6 • Assigned • 6.9mi
5/10
Priest River Lamanna High School
Public 7-12 • Assigned • 7.4mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Priest River, ID • 83856
Average low and high temperatures (°F)
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34
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36
29
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Sun exposure
In this area, properties receive around 9.5 hours in
June and 1.6 hours in December, placing it below the
U.S. average for solar exposure.
9.5 hrs
1.6 hrs
JuneDecember
Provided by Shadowmap
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